Mountain Dental Services is a specialized dental practice whose only service is filling cavities. Mountain has recorded
Question:
Mountain Dental Services is a specialized dental practice whose only service is filling cavities.
Mountain has recorded the following for the past nine months:
Required:
1. Use the high-low method to estimate total fixed cost and variable cost per cavity filled.
2. Using these estimates, calculate Mountain’s total cost for filling 500 cavities.
3. How closely does your estimate match the actual cost for March? If they are different, explainwhy.
Transcribed Image Text:
Number of Cavities Filled 0 Month Total Cost January February March April May June July August September $5,600 6,000 4,500 4,100 4,500 3,200 3,500 4,900 5,400 450
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Req 1 The highlow method should be based on the following months Month Cavities Fi...View the full answer
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Related Book For
Managerial Accounting
ISBN: 978-0078025518
2nd edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
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